--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20200602-ammoni-may-suspend-bankruptcy-procedure-in-july/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Ammoni may suspend bankruptcy procedure in July Publication Date: 2020-06-02T09:00:09-04:00 Last Updated: 2020-06-02T01:29:02-04:00 Author: Andrey Viktorov (https://www.fertilizerdaily.com/author/aviktorov/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![Ammoni may suspend bankruptcy procedure in July](https://www.fertilizerdaily.com/wp-content/uploads/2020/06/shutterstock_523607926-scaled-1.jpg) Understanding with creditors reached. On the 10th of July, Tatarstan Commercial Court will consider the conclusion of an amicable agreement between Ammoni plant (city of Mendeleevsk, Tatarstan republic) and its creditors. At the end of last year, Tatarstan Commercial Court following the declaration of Vnesheconombank (VEB) has initiated Ammoni bankruptcy proceedings (supervision). Then VEB, as a key creditor and one of the shareholders of the enterprise, began to look for potential investors interested in Ammoni plant. Eventually, VEB sold the receivables for the construction of the Ammoni plant for $900 million to Kemerovo Azot (part of SDS Azot). Ammoni can annually produce 717,5 thousand tons of ammonia, the similar amount of carbamide and 338 thousand tons of ammonia nitrate. Tags: [Ammoni](https://www.fertilizerdaily.com/tag/ammoni/), [nitrogen fertilizer](https://www.fertilizerdaily.com/tag/nitrogen-fertilizer/), [SDS Azot](https://www.fertilizerdaily.com/tag/sds-azot/), [Tatarstan](https://www.fertilizerdaily.com/tag/tatarstan/), [Vnesheconombank](https://www.fertilizerdaily.com/tag/vnesheconombank/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.